Argentine SMEs fear a wave of sackings in the coming days due to President Javier Milei's policies which may have been somewhat successful at curbing inflation but at a cost. The Industriales Pymes Argentinos (IPA) chamber released a report saying that some 17,000 jobs had been lost since Milei took office on Dec. 10, 2023, and further suspensions and layoffs appear on May's radar.
Argentina's Central Bank (BCRA) this week lowered the benchmark interest rate by another 10 percentage points to 60% annually, it was reported in Buenos Aires. It was the fourth such cut since Javier Milei took office on December 10, 2023, when the rate stood at 133%. BCRA announces that as of 04-25-2024, the rate for 1-business-day maturity passive operations will be 60%, it said in a statement. It was also the second 10-point cut in April alone.
As President Javier Milei's Argentina deepens its allegiance to the United States, Cuba's flag carrier Cubana lifted this week its regular service between Buenos Aires and Havana after fuel suppliers announced they would no longer be serving a company blacklisted from Washington in what seems like an encore of what happened to the Emtrasur Boeing 747-300 freighter flying under the Venezuelan flag following a spell with Iran's Mahan Air.
Former Argentine President Alberto Fernández answered libertarian President Javier Milei, following remarks made by Milei during a speech at Fundación Libertad where he referred to Fernández as a “puppet”. Fernández's response, laden with irony and defiance, underscored his commitment to rational decision-making and dismissed allegations of being influenced by external forces.
Just one day after being labeled a political corpse, former Argentine President (2008-2015) Cristina Fernández de Kirchner (CFK) announced her return into the limelight this coming Saturday when she will attend the opening of a gymnasium in the town of Quilmes on the outskirts of Buenos Aires which will be named after her late husband and also former head of State (2003-2008) Néstor Kirchner.
The International Civil Aviation Organization (ICAO) has agreed to review Venezuela's complaint against Argentina for seizing the Boeing 747-300 freighter belonging to Conviasa's cargo subsidiary Emtrasur and later handing it over to US authorities for scrapping. The aircraft was wanted by Washington because it had belonged to Iran's carrier Mahan Air and was said to be involved in logistics operations assisting terrorist attacks.
In a gathering of prominent figures from the political and business spheres, Uruguayan President Luis Lacalle Pou emphasized the importance of a strong state to ensure individual freedom during the “freedom dinner” organized by Fundación Libertad in Buenos Aires. The event, attended by former Argentine President Mauricio Macri, current Argentine President Javier Milei, and other distinguished guests, provided a platform for discussions on liberty, democracy, and economic freedom.
Landings of squid in Puerto Madryn, Chubut province, Argentine Patagonia are higher than last year's and can be considered a “great success for fisheries and our province,” according to Diego Pérez, manager of the Madryn port.
Argentine health authorities and the Pan American Health Organization (PAHO) have joined forces to devise a strategy to tackle the outbreak of dengue fever after at least 315,000 cases have been confirmed so far this year, it was reported in Buenos Aires.
Hundreds of thousands of students, teachers, and workers flooded the streets of Argentina in a historic display of unity against proposed budget cuts to public education. The demonstrations, which took place in over twenty cities across the country, marked one of the largest protests in the last 20 years of Argentine democracy.